On December 18th, the Japanese steel giant Nippon Steel announced that it has agreed to acquire U.S. Steel at a price of 14.9 billion dollars. Public data shows that U.S. Steel was founded by Andrew Carnegie in 1901 and was the first "billion-dollar company" in American history. This deal will require approval from U.S. competition regulatory agencies. The United Steelworkers has expressed strong demands for thorough scrutiny by regulatory agencies to ensure that the acquisition serves the national security interests of the United States and benefits the workers.
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